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Articles on Insurance

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Crews clear lots of destroyed homes in Fort Myers Beach, Fla., in February 2022, four months after Hurricane Ian. Joe Raedle/Getty Images

Climate change is a fiscal disaster for local governments − our study shows how it’s testing communities in Florida

A new study of Florida’s fiscal vulnerability to climate change finds that flooding directly threatens many local tax bases.
Flood survivor Rob Bialowas at his home in Lismore. Jason O'Brien/AAP

Home insurance bills are soaring as climate risks grow. The government should step in

With average insurance premiums up 28% in the past year, there’s growing pressure on the insurance industry to rethink its opposition to a government-owned and run disaster reinsurance pool.
Destroyed homes and buildings in Lahaina on Aug. 10, 2023, in the aftermath of wildfires on western Maui, Hawaii. Patrick T. Fallon / AFP via Getty Images

Wildfires are a severe blow to Maui’s tourism-based economy, but other iconic destinations have come back from similar disasters

Wildfires on Maui are a crippling blow to the island’s tourism industry, which generates half of its jobs. But New Orleans and Kauai show that comebacks are possible.
Wildfires can destroy hundreds of homes within hours. PH2(AW/SW) Michael J. Pusnik, Jr / Navy Visual News Service / AFP via Getty Images

Why insurance companies are pulling out of California and Florida, and how to fix some of the underlying problems

It’s not a question of if insurance will become unavailable or unaffordable in areas at high risk of wildfires, hurricanes and other damage – it’s a question of when. A disaster risk expert explains.

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